The global automotive camera market is projected to grow at a significant CAGR during the forecast period. Increasing demand for high performance and safety vehicles encourages the demand for the camera in the automotive sector. The automotive manufacturers are continuously increasing the use of advanced camera systems to improve vehicle safety and provide parking assistance. With the ever-increasing demand in urban mobility and modern logistics sector, the vehicle with camera technology has been steadily growing over the past few decades. The leading automobile giants are coming up with newer self-driving features in their latest models. The respective technological developments in the automotive sector further spur the demand for cameras in autonomous cars that further propel market growth.
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the full report description Impact on Global Automotive camera Market Size,
Share & Trends Analysis Report by Type (Viewing Camera and Sensing Camera),
By Application (Parking Assistance and ADAS) and Forecast 2019-2025 at
The growing demand for automated cars propels the automotive camera market
Moreover, automation in the automotive sector further propels the growth of the automotive camera market. Driverless cars use a combination of cameras, complex scanners, and sensors for detecting vehicles, curbs, traffic signals, pedestrians, and other obstacles. Vehicle data can be used for creating safer, and more personalized automotive journeys. In addition, it provides improved vehicle safety and enhanced the driving experience. Real time monitoring of the status and operation of the vehicles is provided by the connected cars. Images play a crucial role as a sensory input to solve further problems. For instance, self-driving car works to sense the environment as it requires to understand the driving path/road, traffic signs, and obstacles. All these applications need visual input which is essential to be recognized.
Connected cars on the road can assist each other to be safer. These are equipped with the smart sensing camera for detecting the surroundings of the car, connectivity to be online, and satellite positioning for establishing a relative location. In addition, cars can share information related to the road and traffic conditions and other obstacles ahead. With the incorporation of AI in automotive, self-driving or autonomous technology have advanced seemingly well. VisLab Intercontinental Autonomous Challenge, a 13,000 km trip for nearly three months that took place from Italy to China, is regarded as one of the major competitions which led to enhancement in the testing of self-driven vehicles which consequently assisted, Therefore, cameras have a significant role in autonomous cars., which in turn, is acting as a major driving factor for the growth of the market.
Moreover, various camera manufacturers Aptiv PLC, Continental AG, DENSO Corp., Intel Corp. (MobileEye), Robert Bosch GmbH, Ambarella Inc., Clarion Co., Ltd, FICOSA Group, FLIR Systems, Inc., Hitachi, Ltd., OmniVision Technologies, Inc., are contributing in the market. These manufacturers are collaborating with automotive manufacturers for providing the camera technology for their vehicles. For instance, Hitachi, Ltd. announced the collaboration with Suzuki Motor Corp. to provide its stereo camera for Suzuki’s EVERY light commercial vehicle and EVERY WAGON light passenger vehicle. With this collaboration, the company would increase the market cap in the automotive camera market and further contribute to the growth of the market.
Global Automotive Camera Market Segmentation
By Type
By Application
Automotive camera Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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